Sunnova Energy International (NYSE:NOVA) Downgraded to Neutral Rating by UBS Group

UBS Group downgraded shares of Sunnova Energy International (NYSE:NOVA - Free Report) from a buy rating to a neutral rating in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has $0.65 price objective on the stock, down from their previous price objective of $5.00.

Other equities analysts have also recently issued reports about the stock. TD Cowen initiated coverage on shares of Sunnova Energy International in a research report on Thursday, December 19th. They set a "hold" rating and a $5.00 price objective for the company. Guggenheim downgraded shares of Sunnova Energy International from a "buy" rating to a "neutral" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Sunnova Energy International from an "overweight" rating to a "neutral" rating in a research note on Monday. The Goldman Sachs Group cut their price objective on Sunnova Energy International from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, December 17th. Finally, BNP Paribas downgraded Sunnova Energy International from a "neutral" rating to an "underperform" rating and set a $3.50 target price on the stock. in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.39.

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Sunnova Energy International Price Performance

Shares of NYSE:NOVA traded down $0.02 during trading on Tuesday, reaching $0.50. 24,029,645 shares of the company's stock traded hands, compared to its average volume of 15,046,004. The firm has a market cap of $62.85 million, a PE ratio of -0.15 and a beta of 2.64. Sunnova Energy International has a fifty-two week low of $0.47 and a fifty-two week high of $13.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 3.26. The company has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $5.45.

Sunnova Energy International (NYSE:NOVA - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported ($2.96) EPS for the quarter, missing the consensus estimate of ($0.79) by ($2.17). The business had revenue of $224.13 million during the quarter, compared to analyst estimates of $235.85 million. Sunnova Energy International had a negative net margin of 51.02% and a negative return on equity of 11.15%. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, analysts predict that Sunnova Energy International will post -2.63 earnings per share for the current year.

Institutional Investors Weigh In On Sunnova Energy International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cibc World Markets Corp purchased a new position in shares of Sunnova Energy International during the 4th quarter worth $35,000. Crux Wealth Advisors acquired a new position in Sunnova Energy International in the fourth quarter valued at about $35,000. Two Sigma Advisers LP purchased a new position in Sunnova Energy International during the fourth quarter worth about $35,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Sunnova Energy International during the fourth quarter valued at about $40,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Sunnova Energy International during the fourth quarter valued at about $48,000.

Sunnova Energy International Company Profile

Sunnova Energy International Inc engages in the provision of energy as a service in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and solar energy system and energy storage system diagnostics services.